Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

$24.99

Financial Reporting Quality: Aggregate Accruals

Microsoft Excel

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Balance-Sheet-Based Accruals Ratio

Palantir Technologies Inc., balance sheet computation of aggregate accruals

US$ in thousands

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating Assets
Total assets
Less: Cash and cash equivalents
Less: Marketable securities
Operating assets
Operating Liabilities
Total liabilities
Less: Debt, noncurrent, net
Operating liabilities
 
Net operating assets1
Balance-sheet-based aggregate accruals2
Financial Ratio
Balance-sheet-based accruals ratio3
Benchmarks
Balance-Sheet-Based Accruals Ratio, Competitors4
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Balance-Sheet-Based Accruals Ratio, Sector
Software & Services
Balance-Sheet-Based Accruals Ratio, Industry
Information Technology

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net operating assets = Operating assets – Operating liabilities
= =

2 2024 Calculation
Balance-sheet-based aggregate accruals = Net operating assets2024 – Net operating assets2023
= =

3 2024 Calculation
Balance-sheet-based accruals ratio = 100 × Balance-sheet-based aggregate accruals ÷ Avg. net operating assets
= 100 × ÷ [( + ) ÷ 2] =

4 Click competitor name to see calculations.


Net Operating Assets
The net operating assets show a fluctuating trend over the observed periods. Initially, there is a significant negative value of -233,797 thousand US dollars at the end of 2021, followed by a positive value of 8,762 thousand US dollars at the end of 2022. Subsequently, the value declines again to -113,214 thousand US dollars in 2023 and further decreases to -135,580 thousand US dollars in 2024. This pattern indicates volatility with a temporary improvement in 2022, but an overall negative net operating asset base in most years.
Balance-sheet-based Aggregate Accruals
This financial item demonstrates considerable variation, beginning with a positive value of 56,999 thousand US dollars in 2021, then escalating sharply to 242,559 thousand US dollars in 2022. The value then reverses to negative territory at -121,976 thousand US dollars in 2023 and moves closer to zero at -22,366 thousand US dollars in 2024. The substantial increase in accruals in 2022 followed by a significant decrease and eventual negative values suggests changes in accounting estimates or financial activities impacting accruals substantially across these years.
Balance-sheet-based Accruals Ratio
No data has been reported for the balance-sheet-based accruals ratio across all periods. The absence of this ratio restricts the ability to analyze the relative significance of accruals in relation to net operating assets or overall asset base, potentially limiting the assessment of financial reporting quality trends related to accrual management.

Cash-Flow-Statement-Based Accruals Ratio

Palantir Technologies Inc., cash flow statement computation of aggregate accruals

US$ in thousands

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to common stockholders
Less: Net cash provided by (used in) operating activities
Less: Net cash used in investing activities
Cash-flow-statement-based aggregate accruals
Financial Ratio
Cash-flow-statement-based accruals ratio1
Benchmarks
Cash-Flow-Statement-Based Accruals Ratio, Competitors2
Accenture PLC
Adobe Inc.
Cadence Design Systems Inc.
CrowdStrike Holdings Inc.
Datadog Inc.
Fair Isaac Corp.
International Business Machines Corp.
Intuit Inc.
Microsoft Corp.
Oracle Corp.
Palo Alto Networks Inc.
Salesforce Inc.
ServiceNow Inc.
Synopsys Inc.
Workday Inc.
Cash-Flow-Statement-Based Accruals Ratio, Sector
Software & Services
Cash-Flow-Statement-Based Accruals Ratio, Industry
Information Technology

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Cash-flow-statement-based accruals ratio = 100 × Cash-flow-statement-based aggregate accruals ÷ Avg. net operating assets
= 100 × ÷ [( + ) ÷ 2] =

2 Click competitor name to see calculations.


The financial data reveals notable fluctuations in the net operating assets and cash-flow-statement-based aggregate accruals over the four-year period.

Net operating assets
The net operating assets showed a significant negative position in 2021 at -233,797 thousand US dollars, then shifted to a positive balance of 8,762 thousand US dollars in 2022. Subsequently, the figure declined again, returning to negative values of -113,214 thousand US dollars in 2023 and further to -135,580 thousand US dollars in 2024. This pattern indicates considerable volatility in the company's operating assets, with a brief improvement in 2022 not sustained in subsequent years.
Cash-flow-statement-based aggregate accruals
The aggregate accruals presented a persistent negative trend from 2021 to 2022, decreasing from -456,318 thousand US dollars to -552,015 thousand US dollars. However, in 2023, there was a marked reversal, with aggregate accruals rising dramatically to 2,208,822 thousand US dollars, signifying a substantial positive adjustment. In 2024, the accruals again declined sharply to -351,020 thousand US dollars, reverting to a negative position.
Cash-flow-statement-based accruals ratio
No data is available for the accruals ratio across all periods, limiting the assessment of accruals relative to cash flow.

Overall, the data indicate significant variability and inconsistency in the financial reporting quality measures, with alternating signs and magnitudes in operating assets and accruals. Such fluctuations could imply challenges in asset and accrual management or reflect broader operational and accounting dynamics during the observed timeframe.